SkyWest blames winter weather for $23 million 1Q net loss

Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, incurred a first-quarter net loss of $22.9 million that it largely blamed on severe winter weather.
The company had previously warned that 21,000 weather-related flight cancellations during the three-month period ended March 31 would negatively affect its financial results. The first-quarter net loss was reversed from a $3.2 million net profit in the prior-year period.
“As a result of these ...